The opportunity cost of going to college includes the costs of tuition, books, fees, and
a. nothing else
b. housing
c. housing and food
d. earnings forgone by not working full-time
e. housing, food, and earnings forgone by not working full-time
D
Economics
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In a closed economy, the supply of goods and services must be equal to:
A. consumption. B. consumption + investment. C. consumption + investment + government purchases. D. consumption + investment + government purchases ? taxes.
Economics
You review a salesman's income over a 5-year period. You note it fluctuates tremendously from year to year, yet his consumption of goods and services remains consistently at the same level, year after year
Does this mean that income is not a determinant of consumption, or could something else explain his behavior?
Economics